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December 3, 2008

WaMu keeping Texas center open

AUSTIN, Texas (AP) — Washington Mutual says that despite nationwide layoffs, it's keeping open a regional operations center in San Antonio that employs 1,800 people and is at the core of its job creation agreement with Texas.

WaMu became the largest bank to fail in the ongoing credit crisis and was taken over by JPMorgan Chase & Co. in September. JPMorgan Chase is cutting a total of 9,200 Washington Mutual jobs.


 
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